Crypto world needs to get better at counterparty risk

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder and chief executive of Everett Capital Advisors and chair and co-founder of Agio Ratings Digital assets are going mainstream, turbocharged by recent endorsements from the US administration. If properly implemented, a … Read more

Government debt interest costs hit highest level since 2007

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Interest payments are swallowing the biggest portion of rich nations’ economic output since at least 2007, outstripping their spending on defence and housing, according to figures from the OECD.  Debt service costs as a percentage … Read more

London Metal Exchange fined by UK regulator over 2022 chaos in nickel market

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK financial regulator has fined the London Metal Exchange £9.2mn for having inadequate controls during a week of chaotic trading in the nickel market in 2022. In a statement on Thursday, the Financial Conduct … Read more

Retail traders are BTFD in Tesla

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla has now lost about half its value since its December peak and still trades at over 100 times earnings. But wherever there’s a falling knife, there’s a day trader poised to catch it. JPMorgan … Read more

Goldman’s next king?

One thing to start: Elon Musk’s X has raised about $1bn in a new equity funding round that values the social media company at $44bn, bringing its valuation back in line with the price the billionaire paid in 2022. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is … Read more